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MSTW vs. PBP
Performance
Return for Risk
Dividends
Drawdowns
Volatility

MSTW vs. PBP

Last updated Apr 1, 2026

Compare and contrast key facts about Roundhill MSTR WeeklyPay ETF (MSTW) and Invesco S&P 500 BuyWrite ETF (PBP).

MSTW and PBP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MSTW is an actively managed fund by Roundhill. It was launched on Jul 23, 2025. PBP is a passively managed fund by Invesco that tracks the performance of the Cboe S&P 500 BuyWrite Index. It was launched on Dec 20, 2007.

Performance

MSTW vs. PBP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill MSTR WeeklyPay ETF (MSTW) and Invesco S&P 500 BuyWrite ETF (PBP). The values are adjusted to include any dividend payments, if applicable.

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MSTW vs. PBP - Yearly Performance Comparison

2026 (YTD)2025
MSTW
Roundhill MSTR WeeklyPay ETF		-22.66%-71.42%
PBP
Invesco S&P 500 BuyWrite ETF		-1.04%9.44%

Returns By Period

In the year-to-date period, MSTW achieves a -22.66% return, which is significantly lower than PBP's -1.04% return.

MSTW

1D
3.64%
1M
-5.24%
YTD
-22.66%
6M
-69.65%
1Y
—
3Y*
—
5Y*
—
10Y*
—

PBP

1D
2.04%
1M
-2.62%
YTD
-1.04%
6M
5.76%
1Y
11.29%
3Y*
10.74%
5Y*
7.48%
10Y*
6.70%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Roundhill MSTR WeeklyPay ETF

Invesco S&P 500 BuyWrite ETF

Often compared with MSTW:
MSTW vs. MSTYMSTW vs. MSTMSTW vs. MSTRMSTW vs. PLTWMSTW vs. TSLWMSTW vs. MSIIMSTW vs. YBTC
Often compared with PBP:
PBP vs. SPYPBP vs. XYLDPBP vs. JEPIPBP vs. VOOPBP vs. JEPQPBP vs. SCHDPBP vs. FTHI

MSTW vs. PBP - Expense Ratio Comparison

MSTW has a 0.99% expense ratio, which is higher than PBP's 0.29% expense ratio.

MSTW
Roundhill MSTR WeeklyPay ETF
PBP
Invesco S&P 500 BuyWrite ETF

Return for Risk

MSTW vs. PBP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
MSTW
PBP
PBP Risk / Return Rank: 5656
Overall Rank
PBP Sharpe Ratio Rank: 4646
Sharpe Ratio Rank
PBP Sortino Ratio Rank: 4949
Sortino Ratio Rank
PBP Omega Ratio Rank: 6969
Omega Ratio Rank
PBP Calmar Ratio Rank: 4747
Calmar Ratio Rank
PBP Martin Ratio Rank: 6767
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MSTW vs. PBP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill MSTR WeeklyPay ETF (MSTW) and Invesco S&P 500 BuyWrite ETF (PBP). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

MSTW vs. PBP - Sharpe Ratio Comparison

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Sharpe Ratios by Period

MSTWPBPDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

—

0.80

—

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.63

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.49

—

Sharpe Ratio (All Time)

Calculated using the full available price history

-0.99

0.32

-1.32

Correlation

The correlation between MSTW and PBP is 0.46, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

MSTW vs. PBP - Dividend Comparison

MSTW's dividend yield for the trailing twelve months is around 193.06%, more than PBP's 11.63% yield.

TTM20252024202320222021202020192018201720162015
MSTW
Roundhill MSTR WeeklyPay ETF		193.06%106.94%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
PBP
Invesco S&P 500 BuyWrite ETF		11.63%11.12%9.36%3.35%1.33%6.21%1.41%5.04%2.59%10.86%2.56%6.19%

Drawdowns

MSTW vs. PBP - Drawdown Comparison

The maximum MSTW drawdown since its inception was -81.85%, which is greater than PBP's maximum drawdown of -43.43%. Use the drawdown chart below to compare losses from any high point for MSTW and PBP.

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Drawdown Indicators

MSTWPBPDifference

Max Drawdown

Largest peak-to-trough decline

-81.85%

-43.43%

-38.42%

Max Drawdown (1Y)

Largest decline over 1 year

—

-10.20%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-18.61%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-33.31%

—

Current Drawdown

Current decline from peak

-77.90%

-3.29%

-74.61%

Average Drawdown

Average peak-to-trough decline

-50.31%

-6.75%

-43.56%

Ulcer Index

Depth and duration of drawdowns from previous peaks

—

1.79%

—

Volatility

MSTW vs. PBP - Volatility Comparison

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Volatility by Period

MSTWPBPDifference

Volatility (1M)

Calculated over the trailing 1-month period

—

4.09%

—

Volatility (6M)

Calculated over the trailing 6-month period

—

5.97%

—

Volatility (1Y)

Calculated over the trailing 1-year period

89.87%

14.26%

+75.61%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

89.87%

11.95%

+77.92%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

89.87%

13.69%

+76.18%